Real Estate Trends

MID-WILSHIRE OFFICE NET ABSORPTION

(in millions of square feet)

1996

QII: 0.13

QIII: 0.18

QIV: 0.12

1997

QI: 0.08

QII: 0.08

QIII: -0.20

QIV: 0.24

Seven-quarter average: 0.09 million square feet

*

MID-WILSHIRE VACANCY RATE

4th quarter 1997, with sublet: 18.6%

Without sublet: 17.7%

*

Note: Net absorption reflects the gain in rented space. Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.

Source: CoStar